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8-Sep-2009 12:02 PM

Ryanair still eager to buy Aer Lingus

Ryanair CEO, Michael O’Leary, stated that the carrier will “ultimately…be allowed to buy Aer Lingus”, despite two previous failed takeover attempts. Ryanair holds a 29% share in Aer Lingus.

Ryanair: "In another 18 months and with more redundancies, they'll have burnt their way through the last of the cash they have and will need to be rescued," Michael O'Leary, CEO. Reuters, 06-Sep-2009.